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E L G I N B AY L O R

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REGISTRATION TERMS AND CONDITIONS<br />

Julien's Auctions guarantees the authenticity of Attribution of<br />

property listed in the catalogue or online as stated in the<br />

Terms of Guarantee. Except for the Limited Warranty contained<br />

in the terms of guarantee all property is sold “As Is”.<br />

We make no warranties, nor does the consignor, as to the<br />

merchantability or fitness for a particular purpose, the correctness<br />

of the catalogue or other description of the physical<br />

condition, size, quality, rarity, importance, medium, provenance,<br />

exhibitions, literature or historical relevance of any<br />

property. No oral or written statements made in the catalogue,<br />

online listing, advertisement, bill of sale, and announcement<br />

or elsewhere made by employees (including<br />

affiliated and related companies) shall be considered a warranty.<br />

We and the Consignor make no representations and<br />

warranties, express or implied, as to whether the purchaser<br />

acquires any copyrights, including but not limited to, any reproduction<br />

rights of any property. We and the Consignor are<br />

not responsible for errors and omissions in the catalogue, online<br />

listings or any other supplemental material.<br />

It is the responsibility of prospective bidders of live auctions<br />

to inspect the property before bidding to determine its<br />

condition, size, and to determine if it has been repaired or<br />

restored and/or to request a condition report. Please email<br />

info@juliensauctions.com for a condition report.<br />

A buyer's premium will be added to the successful bid price<br />

and is payable by the purchaser as part of the total purchase<br />

price. I acknowledge and agree that a 20% Buyer's Premium<br />

will be added to the hammer price on individual lots<br />

100,000 and higher, and a 25% Buyer's Premium on all individual<br />

lots of $0 - $99,999 which I am the successful bidder.<br />

In addition, there will be an additional 3% buyer's premium<br />

charged for any lots won online. This is regardless of affiliation<br />

with any group or organization. I further acknowledge that I<br />

am responsible to pay Julien's Auctions the aggregate of the<br />

hammer price and the Buyer's Premium, plus sales tax if applicable,<br />

for such lot(s). All invoices must be paid within 10<br />

calendar days after the close of the auction. I authorize<br />

Julien's Auctions to charge my credit card provided at registration<br />

for all items purchased at this auction, and any future<br />

Julien's Auctions I may participate in, if not paid in full within<br />

10 calendar days after the close of the auction.<br />

Payments: Checks should be made to payable to Julien's<br />

Auctions, 3327 La Cienega Place, Los Angeles, CA 90016.<br />

Julien's Auctions will invoice only for the property (including<br />

buyer's premium and any applicable sales tax). We accept<br />

wire transfer, cashiers check or personal check, MasterCard<br />

and Visa. Auction items picked up in California and all California<br />

and New York residents will be charged sales tax. Processing<br />

fees for credit card payments may apply.<br />

Shipping: Shipping for all small items will be handled directly<br />

through Julien’s Auctions. For all large or oversize items, shipping<br />

has been contracted by Rockin Boxes Global, Inc. All<br />

shipping inquiries can be directed to shipping@juliensauctions.com.<br />

To arrange shipping with Rockin Boxes Global,<br />

please contact them directly at (877) 420–0212 or info@rockinboxesglobal.com.<br />

The buyer is responsible to make contact<br />

regarding any concerns or shipping related questions. Please<br />

allow 2-12 weeks for the delivery of your property depending<br />

on the size of the auction, the receiver’s destination, or the<br />

mode of transportation. All auction property is shipped at the<br />

bidder’s expense. All shipments are sent signature required.<br />

Property will not ship USPS or on your personal shipping accounts.<br />

Courtesy to all Julien’s Auctions clients, 30 days free<br />

pick up, and storage is offered. After 30 days, we charge 8.00<br />

per lot, per day, unless prior arrangements are made. Julien’s<br />

and Rockin Boxes Global will not falsify or claim a lower value<br />

on custom’s documents to avoid paying government fees.<br />

Julien’s and Rockin Boxes Global is not responsible if there<br />

is any delay in customs and is not responsible for returned<br />

shipments. The Buyer is responsible for all government fees<br />

including duties, taxes, VAT, Customs, or any unforeseen<br />

charges. All door to door Freight Shipments are curbside delivery.<br />

If you have any special requests, (property unpacked,<br />

brought upstairs, or inside delivery) there will be additional<br />

charges.<br />

Bids will not be accepted from those persons under the age<br />

of eighteen (18) without written consent of said persons parent<br />

or legal guardian. Written consent must acknowledge the<br />

terms and conditions of sale. This written consent constitutes<br />

an agreement to be bound thereby on behalf of the bidder.<br />

Bidder registration is required for all persons wishing to bid<br />

for Julien's Auctions. Any person registering to bid by phone,<br />

absentee, or in person will complete a Bidder Registration<br />

Form. Online bidders will submit a completed form through<br />

julienslive.com.<br />

All items are offered subject to a reserve. The reserve is the<br />

confidential minimum price acceptable to the Consignor. During<br />

a live auction the auctioneer may open any lot by bidding<br />

on behalf of the Consignor and may bid up to the amount of<br />

the reserve, by placing successive or consecutive bids for a<br />

lot or bids in response to other bidders. Online sales may do<br />

the same by employing the use of a starting bid which will<br />

commence bidding at or below the reserve price agreed to<br />

by the Consignor.<br />

Julien's reserves the right to withdraw any property before<br />

the completion of the sale and will have no liability for doing<br />

so.<br />

We reserve the right to accept or decline any bid. Bids must<br />

be for an entire lot and each lot constitutes a separate sale.<br />

All bids are per lot unless otherwise announced at a live sale<br />

by the auctioneer. Live auction lots will be sold in their numbered<br />

sequence unless the Auctioneer directs otherwise. It is<br />

unlawful and illegal for Bidders to collude, pool, or agree with<br />

another Bidder to pay less than the fair value for lot(s). Bidders<br />

participating in both live and online auctions acknowledge<br />

that the law provides for substantial penalties in the<br />

form of treble damages and attorneys' fees and costs for<br />

those who violate these provisions. For live auctions the auctioneer<br />

will have final discretion in the event that any dispute<br />

should arise between bidders. The auctioneer will determine<br />

the successful bidder, cancel the sale, or re-offer and resell<br />

the lot or lots in dispute. Julien's will have final discretion to<br />

resolve any disputes arising after the sale and in online auctions.<br />

If any dispute arises our sale record is conclusive.<br />

Julien's will execute order or absentee bids, and accept telephone<br />

bids as a courtesy to clients who are unable to attend<br />

the live auctions. Therefore we take no responsibility for any<br />

errors or omissions in connection with this service.<br />

Subject to fulfillment of all of the conditions set forth herein,<br />

on the fall of the auctioneer's hammer, title to the offered lot<br />

will pass to the highest bidder acknowledged by the auctioneer,<br />

and such bidder thereupon (a) assumes full risk and responsibility<br />

(including without limitation, liability for or<br />

damage to frames or glass covering prints, paintings, photos,<br />

or other works), and (b) will immediately pay the full purchase<br />

price or such part as we may require. In addition to other<br />

remedies available to us by law, we reserve the right to impose<br />

from the date of sale a late charge of 1 ½% per month<br />

of the total purchase price if payment is not made in accordance<br />

with the conditions set forth herein. All property must<br />

be removed from either our premises by the purchaser at his<br />

expense not later than 10 business days following its sale and<br />

if it is not so removed, (i) a handling charge of 1% of the total<br />

purchase price per month from the tenth day after the sale<br />

until its removal will be payable to us by the purchaser, with<br />

a minimum of 5% of the total purchase price for any property<br />

not so removed within 60 days after the sale, and (ii) we may<br />

send the purchased property to a public warehouse for the<br />

account, at the risk and expense of the purchaser.<br />

If any applicable conditions herein are not complied with the<br />

purchaser will be in default and in addition to any and all other<br />

remedies available to us and the Consignor by law, including,<br />

without limitation, the right to hold the purchaser liable for the<br />

total purchase price, including all fees, charges and expenses<br />

more fully set forth herein, we, at our option, may (a) cancel<br />

the sale of that, or any other lots sold to the defaulting purchaser<br />

at the same or any other auction, retaining as liquidated<br />

damages all payments made by the purchaser, or (b)<br />

resell the purchased property, whether at public auction or<br />

by private sale, or (c) effect any combination thereof. In any<br />

case, the purchaser will be liable for any deficiency, any and<br />

all costs, handling charges, late charges, expenses of both<br />

sales, our commissions on both sales at our regular rates,<br />

legal fees and expenses, collection fees and incidental damages.<br />

We may, in our sole discretion, apply any proceeds of<br />

sale then due or thereafter becoming due to the purchaser<br />

from us or any affiliated company, or any payment made by<br />

the purchaser to us or any affiliated company, where or not<br />

intended to reduce the purchaser's obligations with respect<br />

to the unpaid lot or lots, to the deficiency and any other<br />

amounts due to us or any affiliated companies. In addition, a<br />

defaulting purchaser will be deemed to have granted and assigned<br />

to us and our affiliated companies, a continuing security<br />

interest of first priority in any property or money of our<br />

owing to such purchaser in our possession or in the posses-<br />

sion of any of our affiliated companies, and we may retain<br />

and apply such property or money as collateral security for<br />

the obligations due to us or to any affiliated company of ours.<br />

Payment will not be deemed to have been made in full until<br />

we have collected good funds. In the event the purchaser<br />

fails to pay any or all of the total purchase price for any lot<br />

and Julien's elects to pay the Consignor any portion of the<br />

sale proceeds, the purchaser acknowledges that Julien's<br />

shall have all of the rights of the Consignor to pursue the purchaser<br />

for any amounts paid to the Consignor, whether at<br />

law, in equity, or under these Conditions of Sale.<br />

Under no circumstance will Julien's incur liability to a purchaser<br />

in excess of the purchase price actually paid.<br />

The terms and conditions of sale herein described shall be<br />

enforced in accordance with, and governed by the laws of<br />

the State of California.<br />

Any claim or controversy arising out of or relating to the Auction,<br />

the Bidder Registration Form or any breach thereof between<br />

the registered bidder and Julien’s shall be submitted<br />

to arbitration in Los Angeles County, California before an arbitrator<br />

from the Judicial Arbitration and Mediation Services,<br />

Inc. (“JAMS”) and conducted under its Comprehensive Arbitration<br />

Rules, as the exclusive remedy for such claim or controversy.<br />

Both parties further agree that the arbitration shall<br />

be conducted before a single JAMS arbitrator who is a retired<br />

California or federal judge or justice. By agreeing to arbitrate,<br />

the parties waive any right they have to a court or jury trial.<br />

The decision of the arbitrator shall be final and binding. The<br />

parties further agree that, upon application of the prevailing<br />

party, any Judge of the Superior Court of the State of California,<br />

for the County of Los Angeles, may enter a judgment<br />

based on the final arbitration award issued by the JAMS arbitrator,<br />

and the parties expressly agree to submit to the jurisdiction<br />

of this Court for such a purpose. The prevailing<br />

party shall be entitled to recover the party’s attorneys’ fees<br />

and costs incurred in connection with the arbitration.<br />

TERMS OF GUARANTEE<br />

“Attribution” is defined by Julien's as the creator, period, culture,<br />

source of origin, as the case may be as set forth in the<br />

Bold Type Heading of a lot in a live auction catalogue or the<br />

lot Title of an online auction, as amended by any oral or written<br />

salesroom notices and announcements or online notices<br />

and announcements. We make no warranties to information<br />

not contained in an online lot heading or information not contained<br />

in the Bold Type Heading of any live auction catalogue<br />

subject to the exclusions listed below.<br />

Julien's warrants the “Attribution”, as defined above and subject<br />

to the exclusions listed below, of a lot for a period of five<br />

years from the date of sale and only to the original purchaser<br />

on record at the auction. If it is determined to our satisfaction<br />

that the “Attribution” is incorrect, the sale will be rescinded if<br />

the lot is returned to the Julien's Auctions warehouse facility<br />

in the same condition in which it was at the time of sale. In<br />

order to satisfy Julien's that the “Attribution” of a lot is indeed<br />

incorrect we reserve the right to require the purchaser to obtain,<br />

at the purchaser's expense, the opinion of two experts<br />

in the field, mutually acceptable to Julien's and the purchaser,<br />

before we agree to rescind the sale under the warranty. This<br />

warranty is not assignable and applies only to the original<br />

purchaser on record with Julien's. This warranty does not<br />

transfer to any subsequent owners of any purchased property<br />

(this includes without limitation, heirs, successors, beneficiaries<br />

or assigns).<br />

Should a sale be rescinded and the purchase price paid (final<br />

successful bid price, plus the buyer's premium), it is specifically<br />

understood that this will be considered the sole remedy.<br />

It is exclusive and in lieu of any other remedy available as a<br />

matter of law, or in equity.<br />

Exclusions will be made and this warranty does not apply to<br />

“Attribution” which on the date of sale was in accordance<br />

with the then generally accepted opinion of scholars and specialists,<br />

or the identification of periods or dates of execution<br />

which may be proven inaccurate by means of scientific<br />

processes not generally accepted for use until after publication<br />

of the catalogue or listing online, or which were unreasonably<br />

expensive or impractical to employ.<br />

Julien’s Auctions | 163

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